ROCKFORD, IL 61114 4340 Lori Drive
$390,000
Presented By: Amanda Clark with Gambino Realtors - 815-623-5555
Home Details
Exceptional 4-Unit Multi-Family Investment Property! Discover a rare opportunity to own a fully occupied 4-unit multifamily offering strong cash flow and extensive recent updates. Perfect for investors seeking a low-maintenance addition to their portfolio, this property combines long-term durability with modern mechanicals for peace of mind. Property Highlights: 4 spacious units with excellent rental history. Newer roof, soffit, fascia, gutters, and downspouts—major exterior updates already done! Updated mechanicals throughout the building, including Newer furnaces, Newer water heaters, Newer central A/C units. Well-maintained interiors with stable tenants. Ample on-site parking. Convenient location right off Alpine Blvd. Ideal Investment: With significant capital improvements already completed, this property offers reduced future maintenance costs and strong long-term rental potential. Whether you're expanding your portfolio or stepping into multifamily investing, this 4-unit is a must-see.
Presented By: Amanda Clark with Gambino Realtors - 815-623-5555
Interior Features for 4340 Lori Drive
Bedrooms
Unit 1 # Beds2
Unit 2 # Beds2
Unit 3 # Beds2
Unit 4 # Beds2
Bathrooms
Unit 1 # Baths1
Unit 2 # Baths1
Unit 4 # Baths1
Unit 3 # Baths1
Other Interior Features
Unit 3 SqFt900
Unit 1 SqFt900
Unit 4 SqFt900
Unit 2 SqFt900
Unit 1 Rent950
Basement Y/NYes
Unit 1 HeatGFA
Unit 2 Heaty
Unit 3 Heaty
Unit 4 Heaty
# of Units4
Other Rooms
Unit 1 # Rooms5
Unit 2 # Rooms5
Unit 3 # Rooms5
Unit 4 # Rooms5
General for 4340 Lori Drive
Associated Document Count3
Basement TypeFull
CityROCKFORD
ClassMULTIFAMILY
CoolingCentral Air
DOM15
ElectricCircuit Breaker
Elementary SchoolClifford P Carlson Elementary
Financial InfoEstimate
HUDNo
HeatingForced Air, Natural Gas
High SchoolGuilford High
LeaseYes
Legal DescriptionPEPPER HILLS SUB NW 1/4 SEC 8-44-2 32-215 LOT 013
Middle SchoolEisenhower Middle
OccupantNameGambino Realtors
Parcel Number1208126026
PossessionTenant Rights
Postal Code61114
Price Per Sq Ft Total AG108.33
Primary CityRockford
Realtor RemarksSeller's name: Daniel R. Amidei, Jr. Buyer to verify all measurements. Please use Trust Funds or EM made payable to Gambino Realtors. Office License# 477014834. Tenant at 4340 will let you in.
RoofShingle
Sale/RentFor Sale
School DistrictRockford 205
Separate UtilitiesYes
SewerCity
Short SaleNo
StatusACTIVE and AVAILABLE
Status Detail0
Style1 Story
SubdivisionIL
Tax Year2024
Taxes$7,783
Type3 - 4 Units
Utilities1460
WaterCity
Water HeaterNatural Gas
Year Built1975
Exterior for 4340 Lori Drive
ExteriorBrick/Stone
Parking Spaces4
Separate Electric Y/NYes
Separate Heat Y/NYes
Separate Water Y/NNo
Unit 1 Garage Capacity1
Unit 2 Garage Capacity1
Unit 3 Garage Capacity1
Unit 4 Garage Capacity1
Additional Details
Price History
Schools
High School
Guilford High
Elementary School
Clifford P Carlson Elementary
Middle School
Eisenhower Middle

SQFT • 3,600